The City of Brooklyn’s Residential Real Estate Tax Rate is 75.9. The effective tax rate, which is the rate you pay after reduction is 61.53. In addition to the reduction there is a 12.5% automatic tax credit rollback.
A mill is equal to one dollar for each one thousand dollars of assessed valuation. Assessed valuation is calculated by multiplying the appraised or market value of a property by 35%. For example, a $100,000 home is assessed at $35,000.
Property taxes may be estimated by multiplying the market value of the home by 1.87%.
Example of the Calculation used in estimating real property tax:
Home with a $100,000 market value
1) Market value $100,000 x 35% = Assessed value which is $35,000
2) Assessed value $35,000 / 1,000 x effective rate of 61.53 = $2,153
3) $2,153 x 87.5% rollbacks = $1,883 (which is your estimated tax per year).
Website: www.ohio.gov/tax
এতে সদস্যতা:
মন্তব্যগুলি পোস্ট করুন (Atom)
কোন মন্তব্য নেই:
একটি মন্তব্য পোস্ট করুন